v3.25.1
Summary of Error Corrections and Prior Period Adjustments (Details) - AUD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2024
Sep. 30, 2024
Dec. 31, 2023
Sep. 30, 2023
Dec. 31, 2024
Dec. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
IfrsStatementLineItems [Line Items]                  
Trade and other receivables $ 6,604,080       $ 6,604,080   $ 4,470,101 $ 4,437,253  
Prepayment of seed purchase             3,672,697  
Inventories 4,788,094       4,788,094   6,202,160 1,020,469  
TOTAL CURRENT ASSETS 13,636,293       13,636,293   11,388,231 9,805,007  
Property, plant and equipment 15,652,841       15,652,841   14,617,513 10,542,592 $ 7,902,448
Right-of-use asset 896,392       896,392   944,420 1,040,472  
TOTAL NON-CURRENT ASSETS 19,165,998       19,165,998   18,608,539 14,255,536  
TOTAL ASSETS 32,802,291       32,802,291   29,996,770 24,060,543  
Trade and other payables 9,561,164       9,561,164   10,455,684 6,712,768  
Lease liability, current 89,109       89,109   89,109 82,386  
Related party loans 6,573,652       6,573,652   4,111,661 3,188,006  
TOTAL CURRENT LIABILITIES 22,028,965       22,028,965   18,353,761 10,483,775  
Lease liability, non-current 834,791       834,791   879,347 971,752  
Related party loans 5,055,942       5,055,942   4,530,507 2,873,929  
TOTAL NON-CURRENT LIABILITIES 10,832,424       10,832,424   10,735,440 5,924,251  
TOTAL LIABILITIES 32,861,389       32,861,389   29,089,201 16,408,026  
Retained earnings (18,892,185)       (18,892,185)   (17,950,222) 3,712,333  
Total deficit attributable to equity holders of the Company (1,823,965)       (1,823,965)   (882,002) 6,294,820  
Non-controlling interest 1,764,867       1,764,867   1,789,571 1,357,697  
Cost of goods sold 9,199,857   $ 8,110,209   18,698,342 $ 15,375,900 27,810,782 24,062,603  
Gross profit 1,204,994   1,842,254   2,035,374 4,315,035 5,916,440 4,986,742  
Finance expenses (329,854)   (113,371)   (809,190) (222,599) (835,813) (612,735)  
Occupancy costs (2,181)   (2,964)   (13,095) (14,017) (43,990) (12,298)  
Depreciation (28,122)     (31,954) (1,887) (17,473) (24,444)  
(Loss) Profit before income tax (320,332)   970,388   (966,665) 2,380,919 (20,917,260) 1,954,848  
Profit from continuing operations     (313,421) (109,878)  
Profit attributable to:                  
Members of the parent entity (328,299)   735,668   (941,961) 1,832,032 (21,662,555) 1,432,693  
Non-controlling interests 7,967   234,720   (24,704) 548,887 431,874 412,277  
Retained earnings, balance at 1 July 2022   $ (17,950,222)   $ 3,712,333 (17,950,222) 3,712,333 3,712,333    
Profit attributable to members of the parent entity, retained earnings (320,332) (646,335) 970,388 1,410,531 (966,665) 2,380,919 (21,230,681) 1,844,970  
Retained earnings, balance at 30 June 2023 (18,892,185)       (18,892,185)   (17,950,222) 3,712,333  
Non-controlling interests, balance at 30 June 2023 1,764,867       1,764,867   1,789,571 1,357,697  
Balance 261,234 907,569 9,063,048 7,652,517 907,569 7,652,517 7,652,517 5,807,547  
Balance $ (59,098) $ 261,234 $ 10,033,436 9,063,048 $ (59,098) 10,033,436 907,569 7,652,517 5,807,547
Previously stated [member]                  
IfrsStatementLineItems [Line Items]                  
Trade and other receivables               4,579,879  
Prepayment of seed purchase               3,951,896  
Tax assets               224,215  
Inventories               1,143,033  
TOTAL CURRENT ASSETS               10,319,851  
Property, plant and equipment               10,261,910  
Right-of-use asset                
TOTAL NON-CURRENT ASSETS               12,934,382  
Accounts receivable                 3,717,696
TOTAL ASSETS               23,254,233  
Trade and other payables               6,473,495  
Lease liability, current                
Related party loans               4,585,751  
TOTAL CURRENT LIABILITIES [1]               10,211,821  
Lease liability, non-current                
Related party loans               2,982,499  
TOTAL NON-CURRENT LIABILITIES               5,061,069  
Other assets                 1,373,489
TOTAL LIABILITIES               15,272,890  
Retained earnings               4,051,390 2,652,310
Retained earnings attributable to members of the parent entity                 2,541,200
Total deficit attributable to equity holders of the Company               6,633,877  
Non-controlling interest             1,347,466 1,347,466  
Cost of goods sold               20,498,069 [2] 18,797,541
Gross profit               8,551,276  
General and administrative expenses               3,331,864 [3] 1,139,999
Finance expenses               552,076  
Occupancy costs [4]               40,890  
Employee benefits expense [4]               2,302,641  
Depreciation [4]               461,074  
(Loss) Profit before income tax               1,911,004  
Profit from continuing operations               1,801,126  
Profit attributable to:                  
Members of the parent entity               1,399,080  
Non-controlling interests               402,046  
Retained earnings, balance at 1 July 2022       4,051,390   4,051,390 4,051,390 2,652,310  
Profit attributable to members of the parent entity, retained earnings               1,399,080  
Retained earnings, balance at 30 June 2023               4,051,390 2,652,310
Non-controlling interests, balance at 30 June 2023             1,347,466 1,347,466  
Balance       7,981,343   7,981,343 7,981,343 6,180,217  
Profit attributable to members of the parent entity, total equity               1,801,126  
Balance               7,981,343 6,180,217
Increase (decrease) due to corrections of prior period errors [member]                  
IfrsStatementLineItems [Line Items]                  
Trade and other receivables               (142,626)  
Prepayment of seed purchase               (279,199)  
Tax assets               29,545  
Inventories               (122,564)  
TOTAL CURRENT ASSETS               (514,844)  
Property, plant and equipment               280,682  
Right-of-use asset               1,040,472  
TOTAL NON-CURRENT ASSETS               1,321,154  
Accounts receivable                 (77,938)
TOTAL ASSETS               806,310  
Trade and other payables               239,273  
Lease liability, current               82,386  
Related party loans               (1,397,745)  
TOTAL CURRENT LIABILITIES [1]               271,954  
Lease liability, non-current               971,752  
Related party loans               (108,570)  
TOTAL NON-CURRENT LIABILITIES               863,182  
Other assets                 (294,733)
TOTAL LIABILITIES               1,135,136  
Retained earnings               (339,057) (372,670)
Retained earnings attributable to members of the parent entity                 (372,671)
Total deficit attributable to equity holders of the Company               (339,057)  
Non-controlling interest             10,231 10,231  
Cost of goods sold               3,564,534 [2] 294,733
Gross profit               (3,564,534)  
General and administrative expenses               (864,432) [3] 77,938
Finance expenses               60,659  
Occupancy costs [4]               (40,890)  
Employee benefits expense [4]               (2,302,641)  
Depreciation [4]               (461,074)  
(Loss) Profit before income tax               43,844  
Profit from continuing operations               43,844  
Profit attributable to:                  
Members of the parent entity               33,613  
Non-controlling interests               10,231  
Retained earnings, balance at 1 July 2022       (339,057)   (339,057) (339,057) (372,670)  
Profit attributable to members of the parent entity, retained earnings               33,613  
Retained earnings, balance at 30 June 2023               (339,057) (372,670)
Non-controlling interests, balance at 30 June 2023             10,231 10,231  
Balance       (328,826)   (328,826) (328,826) 372,670  
Profit attributable to members of the parent entity, total equity               43,844  
Balance               (328,826) 372,670
Restated [member]                  
IfrsStatementLineItems [Line Items]                  
Trade and other receivables               4,437,253  
Prepayment of seed purchase               3,672,697  
Tax assets               253,760  
Inventories               1,020,469  
TOTAL CURRENT ASSETS               9,805,007  
Property, plant and equipment               10,542,592  
Right-of-use asset               1,040,472  
TOTAL NON-CURRENT ASSETS               14,255,536  
Accounts receivable                 3,639,758
TOTAL ASSETS               24,060,543  
Trade and other payables               6,712,768  
Lease liability, current               82,386  
Related party loans               3,188,006  
TOTAL CURRENT LIABILITIES [1]               10,483,775  
Lease liability, non-current               971,752  
Related party loans               2,873,929  
TOTAL NON-CURRENT LIABILITIES               5,924,251  
Other assets                 1,078,756
TOTAL LIABILITIES               16,408,026  
Retained earnings               3,712,333 2,279,640
Retained earnings attributable to members of the parent entity                 2,168,529
Total deficit attributable to equity holders of the Company               6,294,820  
Non-controlling interest             1,357,697 1,357,697  
Cost of goods sold               24,062,603 [2] 19,092,274
Gross profit               4,986,742  
General and administrative expenses               2,467,432 [3] 1,217,937
Finance expenses               612,735  
Occupancy costs [4]                
Employee benefits expense [4]                
Depreciation [4]                
(Loss) Profit before income tax               1,954,848  
Profit from continuing operations               1,844,970  
Profit attributable to:                  
Members of the parent entity               1,432,693  
Non-controlling interests               412,277  
Retained earnings, balance at 1 July 2022       3,712,333   3,712,333 3,712,333 2,279,640  
Profit attributable to members of the parent entity, retained earnings               1,432,693  
Retained earnings, balance at 30 June 2023               3,712,333 2,279,640
Non-controlling interests, balance at 30 June 2023             1,357,697 1,357,697  
Balance       $ 7,652,517   $ 7,652,517 $ 7,652,517 6,552,887  
Profit attributable to members of the parent entity, total equity               1,844,970  
Balance               $ 7,652,517 $ 6,552,887
[1] Includes the correction of a footing error of $1,348,040
[2] Includes $436,629 of depreciation, $40,890 of occupancy costs, and $2,154,793 of employee benefits expense reclassified to conform to the presentation in the current period.
[3] Includes $24,445 of depreciation and $147,848 of employee benefits expense reclassified to conform to the presentation in the current period.
[4] Certain prior year amounts have been reclassified to conform to the presentation in the current period. These reclassifications had no effect on the reported results of operations.